Illinois Deregulation History
ILLINOIS ENERGY CHOICE
Illinois has completed the transition to a competitive energy supply market. The process began in 1997. During this period some Illinois businesses had been able to save money by taking advantage of an alternate energy supply product called the Power Purchase Option (PPO), while others benefited from contracting with a third party supplier.
With competition, energy suppliers sell energy commodities to you and provide functions such as customer service, pricing structure, and billing options. These companies purchase electricity from competing power plants, and electricity is delivered to your home or business over the poles and wires of your local Utility Company.
Energy Providers compete for your business by offering lower prices, renewable energy options, added customer service benefits or other incentives. With energy deregulation, you now have the ability to choose the Provider that best fits your needs. If you do not choose an Energy Provider, your energy service will be provided by a company affiliated with your local wire company
No matter which energy supplier provides your service, the Public Utility Commission continues to enforce customer protections and regulate the delivery of electricity to ensure it is delivered safely and reliably by the local wires company.
Energy Deregulation gives energy consumers the option and the “power to choose” their Energy provider in deregulated markets as permitted by the state public utilities governing body.